Markets

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The bears continue to put pressure on the crypto market as bitcoin dropped below $40,000 for the first time in two weeks. The altcoins are also deep in red once again, with Ethereum sliding beneath $2,800 and massive price drops from Solana, Avalanche, MATIC, and others. Bitcoin Struggles Around $40K It was just three days ago when the landscape around the largest cryptocurrency seemed significantly more bullish. The asset had recovered from its latest dips to $42,000 and...

A few months after introducing the first draft aiming to prohibit Fed officials from owning certain assets, the policymaking Federal Open Market Committee has updated the document to include cryptocurrencies. Reports emerged last year claiming that numerous Federal Reserve top employees traded stocks, bonds, and real estate securities in 2020, shortly before the central bank employed specific COVID-19-prompted policies that impacted the market. Some policymakers resigned...

The Russian Finance Ministry introduced public notices and said they started developing a comprehensive regulatory framework for the cryptocurrency industry. During the discussions, citizens and financial market players will be able to give their proposals on the matter. What Has Happened so Far? Ever since the start of 2022, Russia’s top authorities haven’t been able to come to an understanding of how to approach the digital asset sector and what rules to impose on it. The...

Despite the relatively positive technical structure in the short time frame and the early signs for a bullish sentiment in the futures market, the macro factors are still acting as a source of uncertainty. Technical Analysis By: Edris Long-Term Bitcoin’s price is still consolidating above the $40k mark. Last week, it was rejected by the $46k area, making a pullback towards the broken 50-day moving average. The 50-day MA successfully supported the price, pushing it towards the...

[PRESS RELEASE – Please Read Disclaimer] The Binance Smart Chain-based Scrooge Token project has announced the launch of its native SCRG token. The asset has been made available for trading on exchanges starting February 8, 2022. The Scrooge Token was officially made available for trading on the PancakeSwap exchange on February 8, marking the deployment of the asset for use by the broader decentralized community. The SCRG token is designed to be a fair token for all classes...

After the short revival last week, bitcoin price is tested by the possibility of an interest rate hike of 0.5 percentage points in March and disputes between Ukraine and Russia. Market sentiments are divided in view of bitcoin’s short-term performance, but a new wave of volatility is almost unavoidable. How will interest rate hikes affect bitcoin? Last week’s higher-than-expected CPI data pressured the Fed to take a firmer stance on surging commodity prices, with major...

INTERNET CITY, DUBAI, Feb. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list Export Motors Platform (EMP) on February 22, 2022. For all users of LBank Exchange, the EMP/USDT trading pair will be officially available for trading at 17:00 (UTC+8) on February 22, 2022. Blockchain technology has been providing solutions to existing problems in various fields since its emergence, and the rapidly growing used-car export market could be one of them....

Bitcoin cash price started a fresh decline from the $360 resistance against the US Dollar. The price is now trading below the $330 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $328 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if there is a clear move below $300 in the near term. Bitcoin cash price is struggling below $330 against the US...

The Swiss-based issuer of crypto exchange-traded products (ETPs), 21Shares, announced the listing of three new digital asset-oriented ETPs on Euronext exchanges in Paris and Amsterdam – Decentraland, AAVE, and FTX Token. The exchange-traded products will enable market players to get exposure to the three assets without the need to own the underlying assets. According to the official press release, 21Shares Decentraland ETP, Aave, and 21Shares FTX Token ETP will be listed on...